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Kyle Bradford
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Saw this headline on Yahoo, so I checked out the CBO Report. At the end of the summary, I found what I think is the most interesting part:

"Government transfers and federal taxes both help to even out the income distribution. Transfers boost income the most for lower-income households, while taxes claim a larger share of income as people's income rises.

In 2007, federal taxes and transfers reduced the dispersion of income by 20 percent, but that equalizing effect was larger in 1979."

-The share of transfer payments to the lowest-income households declined.
-The overall average federal tax rate fell.

Source: http://www.cbo.gov/doc.cfm?index=12485

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